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Chinese (Jiangsu-based) shipbuilder listed in Singapore, building container ships, bulk carriers and LNG vessels.
Chinese (Jiangsu-based) shipbuilder listed in Singapore, building container ships, bulk carriers and LNG vessels.
Builds ships to order and is paid in stages as each vessel progresses, so a multi-year order book sets revenue years ahead. Container ships and bulk carriers are the volume work, with gas carriers, harder to build, adding value. Alongside the yard it runs an investment book that contributes income.
In one line: A Chinese Hyundai Heavy Industries/Samsung Heavy Industries peer.
Moat: narrow (scale, cost advantage, installed base). Large, low-cost Chinese shipyard scale with a multi-year order backlog, though cyclical shipbuilding demand.
Headquarters: Jiangsu, China (listed Singapore) · Founded: 2006
Size Yangzijiang Shipbuilding (Holdings) (BS6.SI) is a Singapore Industrials company (Trucks/Construction/Farm Machinery) with a market value of $13.5B, the 12th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$4.35 on 6 Nov 2026.
Performance Over six months the shares gained 11.2%, against -18.7% for the median peer and -1.2% for the Singapore market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 25.9% over the last twelve months (peer median +9.0%); the operating margin is 32.2% (peer median 13.2%).
Valuation It trades at 8.2× forward earnings against a peer median of 16.6× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 34.9 points above its cost of capital (5.9% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$6.09B | S$5.18B | S$4.93B | S$4.57B | S$4.24B |
| Revenue growth | — | +5% | +8% | +8% | — |
| Gross profit | S$2.14B | S$1.77B | S$1.41B | S$1.02B | S$654M |
| EBITDA | S$2.07B | S$1.72B | S$1.38B | S$1.01B | S$636M |
| Net income | S$1.81B | S$1.57B | S$1.23B | S$778M | S$575M |
| Free cash flow | S$572M | S$484M | S$2.27B | S$1.37B | S$761M |
| Capital expenditure | S$436M | S$356M | S$197M | S$158M | S$186M |
| Total debt | n/a | S$1.02B | S$1.27B | S$1.04B | S$881M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yangzijiang Shipbuilding (Holdings) BS6.SI | $13.5B | +11% | +26% | 32% | 8.2× | -10.1% |
| Hd Hyundai Heavy Industries 329180.KS | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% |
| SamsungHvyInd 010140.KS | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% |
| China CSSC 600150.SS | $39.7B | -16% | +80% | 8% | 13.3× | -7.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BS6.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.9% | -7.1% | 7th lowest of 21 |
| 6-month return | +11.2% | -18.7% | 2nd highest of 21 |
| Distance from 52-week high | -19.6% | -32.0% | 4th highest of 21 |
| Revenue growth (TTM) | +25.9% | +9.0% | 4th highest of 21 |
| Operating margin | 32.2% | 13.2% | 2nd highest of 21 |
| Forward P/E | 8.2× | 16.6× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -10.1% | 5.6% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +11.8% | +8.5% | 6th highest of 18 |
| Hurdle (Req g minus delivered) | -21.9 pp | -1.3 pp | 4th least demanding of 18 |
| ROIC minus cost of capital | +34.9 pp | +9.5 pp | 4th highest of 20 |
| EV / EBITDA | 7.2× | 12.4× | cheapest of 14 |
| Net debt / EBITDA | -1.2× | 1.1× | 3rd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yangzijiang Shipbuilding (Holdings) BS6.SI | Singapore | $13.5B | +11% | +26% | 32% | 8.2× | -10.1% | +11.8% |
| CNH Industrial CNH | United States | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% | -7.0% |
| XCMG Construction Machinery 000425.SZ | China | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% | +6.4% |
| Hdksoe 009540.KS | South Korea | $12.5B | -48% | +23% | 23% | 4.4× | n/a | n/a |
| Sinotruk Hong Kong 3808.HK | Hong Kong | $12.3B | -12% | +38% | 7% | 9.4× | -3.2% | +1.5% |
| Metso METSO.HE | Finland | $15.8B | +14% | +8% | 15% | 23.6× | 15.3% | +9.6% |
| Ashok Leyland ASHOKLEY.NS | India | $10.7B | +1% | +16% | 17% | 24.8× | n/a | n/a |
| Hanwha Ocean 042660.KS | South Korea | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% | +13.2% |
| Wartsila Oyj Abp WRT1V.HE | Finland | $17.1B | -25% | -2% | 13% | 23.5× | 7.2% | +8.5% |
| SamsungHvyInd 010140.KS | South Korea | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% | +11.4% |
| Kubota 6326.T | Japan | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% | +10.3% |
| Toro TTC | United States | $9.92B | +10% | +5% | 11% | 21.2× | 5.6% | +6.0% |
| Hd Hyundai Heavy Industries 329180.KS | South Korea | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% | +16.2% |
| Doosan Enerbility 034020.KS | South Korea | $21.1B | -65% | +9% | 5% | 82.3× | 22.7% | +13.2% |
| Weir WEIR.L | United Kingdom | $8.18B | -3% | +6% | 18% | 18.1× | 19.3% | +5.5% |
| Mazagon Dock Shipbuilders MAZDOCK.NS | India | $7.87B | -31% | +8% | 15% | 30.5× | n/a | n/a |
| AGCO AGCO | United States | $7.61B | -6% | +1% | 6% | 17.1× | 10.5% | +2.0% |
| Sany Heavy Industry 6031.HK | Hong Kong | $24.2B | -27% | +25% | 11% | 12.9× | -1.1% | -2.9% |
| Gaztransport & Technigaz GTT.PA | France | $7.50B | -13% | +9% | 64% | 16.1× | -3.1% | +15.2% |
| Konecranes KCR.HE | Finland | $7.47B | +5% | -1% | 13% | 15.9× | 9.1% | +5.7% |
| Accelleron Industries ACLN.SW | Switzerland | $7.29B | -25% | +13% | 25% | 25.1× | 3.5% | +12.1% |